Archive for October, 2011
(XLF) Stock Market News for October 10, 2011 – Market News
Markets slipped modestly lower on Friday after the downgrade of Italy and Spain’s debt ratings overshadowed encouraging nonfarm payroll data. The Dow snapped its three-day winning streak, but the benchmarks ended with gains for the week spurred on by hopes of a resolution to...
10Oct2011 | vitalstocks | 0 comments | Continued(SSD) Analyst Sees a Softer Market for Hard Drives
One of the most important components of modern-day consumer electronic devices, such as PCs, laptops, notebooks, tablets, pen drives, cameras or iPods often goes unsung. This is because storage capacity is such an essential part of these devices that we practically forget to...
8Oct2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Launches iPhone 4S – And The Crowd Doesn’t Go Wild!
Apple Inc. (AAPL) launched its latest iPhone 4S, the fifth edition of its revolutionary smartphone. Though many Apple fans were expecting an iPhone 5, in October, iPhone 4S is likely to keep the company competitive in the smartphone market. iPhone 4S comes with a 3.5 inch high...
8Oct2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for October 7, 2011 – Market News
Markets experienced a third consecutive day of gains on Thursday, backed by hope among investors that steps were being taken to contain the European crisis. The new confidence among investors is a result of speculation that the president of European Commission has asked member...
8Oct2011 | vitalstocks | 0 comments | Continued(BECN) Company News for October 7, 2011 – Corporate Summary
• Share prices of wine maker Constellation Brands Inc. (NYSE:STZ) gained 8.97% to close at $20.40 after the company posted higher profits in its second quarter • Specialty glass maker Corning Inc.’s (NYSE:GLW) shares advanced 7.14% after the company raised its...
8Oct2011 | vitalstocks | 0 comments | Continued(F) Ford Motor and General Motors See 5% Growth in China
Both Ford Motor Co. (F) and General Motors Co. (GM) have predicted that automobile sales in China will grow about 5% in 2011. GM revealed that total vehicle sales would reach 19 million–19.2 million units for the full year. Automobile sales in China were adversely affected...
7Oct2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Adds 13 Bankers to Hit List
Bank of America Corp. (BAC) has sacked 13 investment bankers in its industrials group, which provides advisory and financing services through two units, Bloomberg reported on Tuesday following communication with two people familiar with the action. The retrenched bankers include...
7Oct2011 | vitalstocks | 0 comments | Continued(EIA) 25-Year Outlook for Liquid Energy
by David Fessler, Investment U Senior Analyst Thursday, October 6, 2011 The Energy Information Administration (EIA) recently released its International Energy Outlook 2011. It’s the EIA’s annual 25-year energy forecast, and it contains important information for investors...
7Oct2011 | InvestmentU | 0 comments | Continued(CAH) Cardinal Health Incorporated – Bull of the Day
We recently upgraded our rating on Cardinal Health, Inc. (CAH) to Outperform. Earnings for the fourth quarter narrowly beat the Zacks Consensus Estimate. Cardinal’s size and diversity partly insulate it from economic cycles, and its generics business continues to grow at...
7Oct2011 | vitalstocks | 0 comments | Continued(PHG) Koninklijke Philips Electronics – ADR- Bear of the Day
We are downgrading our recommendation on Koninklijke Philips Electronics (PHG) to Underperform with a $16 target price. The company had a weak second quarter with revenues declining 3.4% primarily due to lower license revenues and a decline at the Lifestyle Entertainment segment. Furthermore,...
7Oct2011 | vitalstocks | 0 comments | Continued(WAG) Walgreen Posts Encouraging Quarter
Walgreen (WAG) reported adjusted earnings of 57 cents per share in the fourth quarter of fiscal 2011, beating the Zacks Consensus Estimate of 55 cents and were 38.3% higher than the year-ago quarter. Results for the quarter excluded an after-tax gain of 30 cents per share associated...
7Oct2011 | vitalstocks | 0 comments | Continued(WMB) The Williams Companies Reveals 2012-13 Forecast
The Williams Companies, Inc. (WMB) disclosed plans to transform itself into a high-dividend, high-growth energy firm at its recent Analyst Day. The company also guided 2012–2013 adjusted earnings per share and cash flow from continuing operations, taking into account the upcoming...
6Oct2011 | vitalstocks | 0 comments | Continued(XOM) Exxon Analyst Maintains Neutral Rating
We have maintained our Neutral recommendation for the world’s largest publicly traded oil company, ExxonMobil Corporation (XOM) for the long term. The oil giant’s superior record of return on capital employed, excellent credit profile and access of significant unconventional...
6Oct2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Wins U.S Defense Contract
Xerox Corporation (XRX) recently bagged a five-year contract worth $103 million from the U.S Department of Defense. As per the contract, the company will offer improved technology to the U.S Department of Defense in a bid to reduce costs. The Department of Defense has been an...
6Oct2011 | vitalstocks | 0 comments | Continued(AAPL) Research In Motion Analyst Maintains Neutral Rating
Ever since Apple Inc.’s (AAPL) iPhone hit the market, Research In Motion Ltd. (RIMM) started losing its leadership position. For the last couple of years, the company failed to launch any device that could capture the market from iPhone or Android-based high-end smartphones. Research...
6Oct2011 | vitalstocks | 0 comments | Continued(MAR) Marriott International Beats on EPS and Revenue
Marriott International Inc. (MAR) reported third quarter 2011 earnings of 29 cents per share up 32% year over year. Earnings were also within the company’s guided range of 25 cents to 29 cents. However, after accounting for other non cash charges of 73 cents the company reported...
6Oct2011 | vitalstocks | 0 comments | ContinuedContinuing Jobless Claims Fall to 3.7 Million
The data on regular continuing claims was encouraging this week. Regular continuing claims for unemployment insurance fell by 52,000 to 3.700 million. The overall trend is in the right direction. They are down by 752,000 or 17.0% from a year ago. Regular claims are paid by...
6Oct2011 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals Announces Pipeline Progress
Recently, Alnylam Pharmaceuticals Inc. (ALNY) announced the commencement of an early-stage stage study (n~32) of its RNAi (RNA (Ribo Nucleic Acid) interference) therapeutic program ALN-PCS for treating patients suffering from hypercholesterolemia. Hypercholesterolemia indicates...
6Oct2011 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls to Build New Plant in China
Johnson Controls Inc. (JCI) plans to build an automotive battery plant in China by investing $100 million. It will produce start-stop batteries and cater to global and local automakers in Asia. It is expected to begin production in early 2013. The Start-Stop system is an emerging...
6Oct2011 | vitalstocks | 0 comments | Continued(T) AT&T Shedding Assets for T-Mobile
According to a Bloomberg report, AT&T Inc. (T) is seeking to sell some assets or spectrum to rival companies in order to salvage its ambitious $39 billion purchase of Deutsche Telekom’s unit, T-Mobile USA. Earlier in March, AT&T was keen to bring T-Mobile under its...
6Oct2011 | vitalstocks | 0 comments | ContinuedInitial Jobless Claims Fall – Extended Claims Plunge
Initial Claims for Unemployment Insurance fell by 9,000 last week to 423,000. This was worse than the expected level of 418,000. Last week’s numbers were revised upwards by 4,000, so one could see it as a decrease of 5,000. Recently, jobless claims seem stuck once again in...
6Oct2011 | vitalstocks | 0 comments | Continued(ATHN) Athenahealth Analyst Coverage Initiated at Outperform
We initiate our coverage on Athenahealth (ATHN), a leading provider of electronic health record (“EHR”) for medical establishments, with an Outperform rating. Second-quarter fiscal 2011 earnings per share of 14 cents beat the Zacks Consensus Estimate of 11 cents. Revenues...
6Oct2011 | vitalstocks | 0 comments | Continued(GM) Standard & Poor’s Lifts General Motors Ratings
Ratings agency Standard & Poor’s (S&P) raised its corporate credit rating on General Motors Co. (GM) by two notches to BB+ from BB- as its workers recently ratified a 4-year contract with the United Auto Workers (UAW). The agency also lifted its rating outlook on the...
6Oct2011 | vitalstocks | 0 comments | Continued(CSCO) Stock Market News for October 6, 2011 – Market News
Investors pinned their hopes on a possible European coordinated action to contain the continent’s debt amid encouraging domestic economic reports that led the benchmarks higher to a green finish. Earlier this week the S&P 500 had briefly moved into the bear-market territory,...
6Oct2011 | vitalstocks | 0 comments | Continued(ACOR) Company News for October 6, 2011 – Corporate Summary
• Monsanto Co. (NYSE:MON) reported its fiscal fourth-quarter loss of $0.22 cents a share, better than the Zacks Consensus Estimate of a loss of $0.27. Revenues rose 15.1% year-over-year to $2.25 billion from $1.95 billion • Reacting to news that Microsoft (NASDAQ:MSFT)...
6Oct2011 | vitalstocks | 0 comments | Continued(ADSK) New Cloud Offerings from Autodesk
Autodesk Inc. (ADSK) has unveiled a collection of more than a dozen Web-based capabilities, products and services, named Autodesk Cloud. By using Autodesk Cloud, Autodesk customers will be able to store their work and gain access to the related designs and engineering documents...
6Oct2011 | vitalstocks | 0 comments | Continued(RRGB) Red Robin Gourmet Burgers 2011 Growth on Track
Colorado-based Red Robin Gourmet Burgers Inc. (RRGB), which currently operates more than 450 restaurants across the United States and Canada, is set to open a new restaurant in Baltimore, Maryland on October 10, 2011. The new restaurant will come up at 8200 Perry Hall Blvd, in...
6Oct2011 | vitalstocks | 0 comments | Continued(SHLD) Sears Shares Reiterated at Underperform
We have maintained our long-term Underperform recommendation on Sears Holdings Corporation (SHLD). The company is the fourth largest broadline retailer in the U.S. offering home appliances, tools, lawn and garden equipment, electronics, automotive repair and maintenance products...
6Oct2011 | vitalstocks | 0 comments | Continued(DHI) Weakness Prevails in U.S. Housing
The weaknesses prevailing in the housing and construction industry in the U.S. have once again come to the fore as the National Association of Home Builders lowered its September outlook. Poor employment growth, increased availability of foreclosed homes, strict mortgage lending...
6Oct2011 | vitalstocks | 0 comments | Continued(BR) Broadridge Financial Solutions Wins New Deal
Broadridge Financial Solution (BR) recently secured a contract from Societe Generale, for providing technology and outsourcing services to the latter’s U.S. broker-dealer, SG Americas Securities, LLC. Through this deal, Societe Generale intends to support the growth of its...
6Oct2011 | vitalstocks | 0 comments | Continued